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Proprietorship is a business owned and run by just one person. Many Individuals favor the proprietorship form of ownership. it gives them sole control over all business decisions. The owner receives all profits made by the business , he or she can determine how those profits are used.

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The Initial cost of buying the franchise. Liable for past expenses.

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Franchises benefit from the parent company's marketing programs. You are given access to suppliers with the products and prices.

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Franchise is a written contract granting permission to operate a business to sell products and services in a set way. A way to expand a business using the investments of others while maintaining control over the name , product quality , and operating procedures.

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Reduce Costs and Improve Products and Services. By leveraging their size, cooperatives can more easily obtain discounts on supplies and other materials and services. Suppliers are more likely to give better products and services.

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Lack of Membership and Participation. If members do not fully participate and perform their duties, whether it be voting or carrying out daily operations, then the business cannot operate at full capacity.

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Cooperative is owned by members, serves their needs, and managed in their interest. Members form a consumer cooperative so that can purchase goods and services more cheaply as a group than they could individually.

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Time and Money. Corporations are costly and time-consuming ventures to start and operate. Incorporating requires start-up, operating and tax costs that most other structures do not require.

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Ability to Generate Capital. Corporations have an advantage when it comes to raising capital for their business - the ability to raise funds through the sale of stock.

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Corporation is a separate legal entity formed by documents filed with a state. It's owned by one or more shareholders and managed by a board of directors. Corporations are more difficult to form than either proprietorship or partnerships.

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Disagreements Among Partners. With multiple partners, there are bound to be disagreements Partners should consult each other on all decisions, make compromises, and resolve disputes as amicably as possible.

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Easy and Inexpensive. Partnerships are generally an inexpensive and easily formed business structure. The majority of time spent starting a partnership often focuses on developing the partnership agreement.

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Partnership is a business owned and controlled by two or more people who have entered into agreement. The partners share both investments and profits based on the terms of the partnership agreement. Each partners is liable for all the debts of the business should it fail.

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Hard to raise money. Sole proprietors often face challenges when trying to raise money. Because you can’t sell stock in the business, investors won't often invest.

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Complete control. Because you are the sole owner of the business, you have complete control over all decisions. You aren’t required to consult with anyone else when you need to make decisions or want to make changes.